Simplify Compliance with ACA-Approved Health Plans and Employer Resources
As an employer, understanding and maintaining compliance with healthcare regulations is crucial to avoiding costly penalties and ensuring your employees receive the benefits they deserve. At Beni Solutions, we simplify the process by offering health plans that are fully compliant with the Affordable Care Act (ACA) and other federal guidelines. Our employer resources provide you with the tools and information you need to stay compliant and navigate the complexities of offering health benefits.
What is ACA Compliance?
The Affordable Care Act requires that employers with 50 or more full-time equivalent employees offer affordable health insurance that provides minimum essential coverage (MEC) and meets the standard of minimum value (MVP). Employers must also offer plans that are affordable based on an employee’s household income, ensuring employees have access to quality healthcare at a reasonable cost.
Key Compliance Requirements for Employers
- Offer Minimum Essential Coverage (MEC): Ensure your health plans cover the essential health benefits as defined by the ACA, including preventive care, immunizations, and screenings.
- Provide Minimum Value Plans (MVP): Your health plans must cover at least 60% of the total allowed cost of medical services to meet the minimum value standard.
- Maintain Affordability: Employee contributions for single coverage must not exceed a set percentage (determined annually by the IRS) of their household income.
- Report Coverage: Employers must file annual returns with the IRS, using forms 1094-C and 1095-C, to report the coverage offered to employees.
How We Help You Stay Compliant
- ACA-Compliant Health Plans: We offer MEC and MVP plans that meet all ACA requirements, from essential coverage to affordability.
- Guidance on Reporting: Our team provides resources to help you accurately complete and file the required IRS forms.
- Penalty Avoidance: Avoid costly ACA penalties by ensuring your coverage meets federal standards. Our plans are designed to help you fulfill your obligations without overspending.
Resources Available
- Compliance checklist for employers
- ACA reporting guidelines
- Updates on IRS affordability thresholds
Beni Solutions is your partner in staying compliant with health insurance regulations, offering the peace of mind that comes with knowing your business is covered.
